Airbnb (NASDAQ:ABNB) Price Target Raised to $142.00 at JPMorgan Chase & Co.

Airbnb (NASDAQ:ABNB) had its price objective upped by JPMorgan Chase & Co. from $121.00 to $142.00 in a research note published on Friday,Benzinga reports. They currently have a neutral rating on the stock.

ABNB has been the subject of a number of other reports. Argus cut shares of Airbnb from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Morgan Stanley upped their target price on shares of Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a report on Tuesday, July 23rd. Raymond James began coverage on shares of Airbnb in a research report on Friday, September 27th. They issued a “market perform” rating and a $134.00 price target for the company. Jefferies Financial Group upped their price target on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada dropped their price target on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $139.94.

Airbnb Trading Up 2.1 %

NASDAQ:ABNB opened at $137.40 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $88.16 billion, a P/E ratio of 48.21, a PEG ratio of 1.90 and a beta of 1.15. Airbnb has a one year low of $110.38 and a one year high of $170.10. The company’s 50-day simple moving average is $129.54 and its 200 day simple moving average is $137.20.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 33.36% and a net margin of 16.96%. The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the firm posted $2.39 earnings per share. As a group, analysts forecast that Airbnb will post 4.07 EPS for the current fiscal year.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the sale, the chief technology officer now owns 198,244 shares in the company, valued at approximately $23,579,141.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Airbnb news, CEO Brian Chesky sold 230,769 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the sale, the chief executive officer now directly owns 13,315,912 shares of the company’s stock, valued at approximately $1,597,909,440. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total value of $71,364.00. Following the sale, the chief technology officer now owns 198,244 shares in the company, valued at $23,579,141.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 417,806 shares of company stock worth $51,809,831. Insiders own 27.83% of the company’s stock.

Institutional Investors Weigh In On Airbnb

Institutional investors have recently bought and sold shares of the company. MTM Investment Management LLC purchased a new position in Airbnb in the 3rd quarter worth approximately $925,000. First Horizon Advisors Inc. raised its position in Airbnb by 19.3% in the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after purchasing an additional 94 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Airbnb by 11.5% in the third quarter. Advisors Asset Management Inc. now owns 14,368 shares of the company’s stock worth $1,822,000 after acquiring an additional 1,479 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Airbnb during the third quarter worth $34,982,000. Finally, Commerce Bank grew its stake in shares of Airbnb by 14.2% during the third quarter. Commerce Bank now owns 21,338 shares of the company’s stock worth $2,706,000 after purchasing an additional 2,658 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.